Shiba Inu: Another Bull Run on the Horizon as Whales Steadily Continue to Purchase SHIB

Vinod Dsouza
Shiba Inu Bull
Source: Unsplash

Whales are purchasing Shiba Inu steadily making it among the top 10 purchased tokens in the 1000 ETH rich list. The development and confidence in SHIB among the whales suggest that there could be another bull run on the horizon.

The next bull run could see metaverse and meme-tokens dominate the crypto charts as heavy funding has flown into them. In the last 24-hours, Shiba Inu, SandBox and Dogelon Mars saw its trading volume spike as whales picked them up.

Cryptos surrounding the meteverse segment is the top gainers in the market and meme-tokens are second to behind. When the market dusts itself from the recent slump, metaverse and meme-tokens could be the top performers.

Bitcoin slumped during the weekend dragging every other token down along with it. The market is sending mixed signals of both red and green today but hasn’t stabilized yet. Fears of another crash is looming but that’s highly unlikely.

“#Metaverse and #memecoin are leader of next bull run. Analysis top 10 purchased tokens by 1k biggest ETH wallets. In 24 hours, we have $SHIB, $SAND and $ELON. In the last 7 & 30 days, we have $GALA, $MANA and $SAND,” tweeted WhateStats.

Among the top 10 ETH rich list, meme-tokens Dogelon Mars and Shiba Inu made it to the top 10 list. The year 2021 arguably belonged to meme-tokens as they dominated the market and created lots of hype and buzz. Meme-tokens also added millions of new and first-time investors into the crypto market in the hopes of making millions from it. Meme-tokens delivered stellar returns in 2021 making it the most sought-after tokens in the market.

Shiba Inu, Dogecoin and SafeMoon : Top Meme-tokens

Google announced its top searches of 2021 and cryptocurrencies, especially meme-tokens dominated the search engine. The ‘Where to buy’ section shows three cryptos among the top 5 searches in 2021. Among the top 5 searches are Dogecoin, Shiba Inu, and SafeMoon respectively.

Shiba Inu, Dogecoin and SafeMoon can be called the trinity of altcoins and are the sole drivers of the market in 2021. Investors have laid their hands off Bitcoin and Ethereum as they believe they’ve missed the bus on its bull ride. Several investors have gone all in on meme-tokens hoping it would deliver them the desired financial results.

At the time of publishing, Shiba Inu was trading at 0.00003470 and is up +1.75% in the 24-hours day trade.